The SPDR Gold ETF (GLD) closed on December 24th at $241.44, up 0.2%, as gold prices experienced a modest increase of 0.18% to $2,632.80. This uptick in gold prices comes amid a backdrop of mixed market signals and investor sentiment. Despite a bearish outlook dominating the gold market, with resistance at key moving averages and potential downside targets, the metal managed to hold its ground. The recent consolidation phase has seen gold attempting to strengthen against the 20-Day moving average, although it has struggled to break through resistance levels. Meanwhile, global economic dynamics continue to influence investor preferences, with gold ETFs experiencing a decline in holdings by 0.39% year-to-date, reflecting a shift in market sentiment.